alpha jorc figures, page-12

This is an interesting stock.

According to my quick research (I may be wrong), BND has over 1.2 billion tonnes of inferred thermal coal.

Based on market cap, the value is 8 cents per tonne of coal.

Their tenaments are in excellent locations, near infrastructure, existing miners or adjacent to big projects.

Plus they have more tenaments.

I am not sure why I declined to take a position yesterday. Possibly I have too many holdings that have a long term investment orientation.

But this company looks good and worth investigating.

Only 30M shares trade on market, with 300M in escrow.